# @edwardcollins_upleveled on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/DKfBSTGxqNg
- **Gondola URL:** https://gondola.cc/posts/35104064-edwardcollins-upleveled-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/de57f8e1b2.jpg
- **Posted:** 2025-06-04T15:57:30.000+00:00
- **Account Owner:** Edward Collins | Money Lawyer & Wealth Strategist (@edwardcollins_upleveled) — https://gondola.cc/edwardcollins_upleveled

## Caption

“Own Nothing, Control Everything”?
 
Look, I’ve been helping high-income business owners structure their financial lives for nearly 30 years. 

I’m a lawyer who specializes in: 
 
🏛️ Tax law.

📜 Estate planning. 

💼 Business structuring. 
 
And here’s the truth: 

Wealth isn’t built on gimmicks. 

It’s built on structure. 

The right structure. 
 
Now let’s break down what’s wrong with this viral “wealth protection” strategy: 
 
❌ Problem #1: The Irrevocable Trust at the Top. 

Irrevocable trusts sound appealing — they offer asset protection. 

But they’re terrible when it comes to taxation. 
 
They live in their own tax world. 

And let’s just say… the tax rates there aren’t kind. 
 
❌ Problem #2: One Holding Company to Rule Them All. 

This setup dumps everything — 

• Non-passive income. 

• Passive real estate. 

• Portfolio assets. 

• Even personal items — 

into one entity. 
 
That’s a mess. 
 
Each of those asset types has its own rules, its own tax treatment, and needs its own strategy. 

Mixing them together? That’s asking for trouble. 
 
Let me give you a real example: 
 
I might use a holding company with an S corp election to house a business. 

✅ That helps reduce FICA, minimizing your exposure to self-employment tax. 
 
But if that same entity owns real estate? 

And you go to sell it? 

That sale becomes a taxable event inside the S corp. 
 
You just set yourself up for a bigger tax bill. 

I’d just about never advise that. 
 
Here’s the point: 

It’s not about looking clever. 

It’s about being strategic. 

It’s about doing what really works. 
 
The wealthy build what’s called a Hierarchy of Ownership — 

Aligning every asset with the right entity and the right purpose. 
 
That’s how you: 
 
Protect assets. 

Reduce taxes. 

Preserve legacy. 
 
Not by “owning nothing.” 

But by structuring everything. 
 
👇 Drop the letters “GOB” and I’ll send you a free training to show you how to play this game the right way. 
 
Credit (IG): 
Preston Seo – [thelegacyinvestingshow] 

 SF0693

## Stats

- **Views:** 112
- **Likes:** 496
- **Shares:** 0
- **Comments:** 262

## Credits

These are the roles credited on Gondola. Credits may be incomplete.
A brand, account owner, or featured person is not necessarily the creator.

| Name | Username | Profile | Role |
| --- | --- | --- | --- |
| Edward Collins | Money Lawyer & Wealth Strategist | @edwardcollins_upleveled | https://gondola.cc/edwardcollins_upleveled | Talent |
| Hector Garcia | @Hector_FilmSchool | https://gondola.cc/Hector_FilmSchool | Content Producer |

## Tags

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